| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.3B | $4.3B | -1.6% | -1.7% |
| Op. Income | $584M | $426M | $772M | 37.0% | -24.4% |
| Gross Margin | 44.0% | 40.2% | 42.5% | 3.8pp | 1.4pp |
| Net Margin | 9.9% | 6.7% | 13.0% | 3.2pp | -3.1pp |
| EPS (Diluted) | $1.58 | $1.06 | $2.14 | 49.4% | -26.1% |
| Free Cash Flow | -$329M | $1.1B | -$201M | -128.8% | -63.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $821M |
| SG&A Expenses | $838M |
| Other Expenses | $426M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $584M |
| Interest Income | $3.6B |
| Interest Expense | $2.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $584M |
| Income Tax Expense | $142M |
| Net Income from Continuing Ops | $442M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $416M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $390M |
| D&A | $209M |
| EBIT | $584M |
| EBITDA | $792M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $821M |
| SG&A Expenses | $838M |
| Other Expenses | $426M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $584M |
| Interest Income | $3.6B |
| Interest Expense | $2.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $584M |
| Income Tax Expense | $142M |
| Net Income from Continuing Ops | $442M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $416M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $390M |
| D&A | $209M |
| EBIT | $584M |
| EBITDA | $792M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $442M |
| Depreciation & Amortization | $209M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $142M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | -$277M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | -$105M |
| Purchases of Investments | -$8.5B |
| Sales/Maturities of Investments | $8.9B |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | $264M |
| Net Debt Issuance | -$829M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$273M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | -$329M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.3B |
| Short-Term Investments | $29.0B |
| Net Receivables | $15.1B |
| Inventory | $0 |
| Other Current Assets | $10.6B |
| TOTAL CURRENT ASSETS | $72.4B |
| PP&E (Net) | $4.9B |
| Goodwill | $0 |
| Intangible Assets | $1.3B |
| Long-Term Investments | $280.6B |
| Tax Assets | $23M |
| Other Non-Current Assets | $392M |
| TOTAL NON-CURRENT ASSETS | $287.1B |
| TOTAL ASSETS | $359.6B |
| Account Payables | $11.5B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $249.2B |
| TOTAL CURRENT LIABILITIES | $265.2B |
| Long-Term Debt | $53.6B |
| Deferred Revenue NC | $252M |
| Deferred Tax Liabilities | $523M |
| Other Non-Current Liabilities | $15.7B |
| TOTAL NON-CURRENT LIABILITIES | $70.4B |
| TOTAL LIABILITIES | $335.6B |
| Common Stock | $2.6B |
| Additional Paid-In Capital | $631M |
| Retained Earnings | $18.2B |
| Treasury Stock | -$41M |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.8B |
| Minority Interest | $1.2B |
| TOTAL EQUITY | $24.0B |
| TOTAL LIABILITIES & EQUITY | $359.6B |
| Total Debt | $55.3B |
| Net Debt | $38.0B |
